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BUSINESSAug 13Hong Kong new frontier : Where Indonesia grows global - EconomyThe article discusses Hong Kong as a new frontier for Indonesia's global economic growth. This focuses on international economic developments and business expansion.thejakartapost.com · Indonesia
POLITICSAug 13Stop mourning Hong Kong. It’s evolving, not dyingHong Kong has changed since the turmoil of 2019-20. Few people would dispute this. The more important question is what kind of city it is becoming. It is evolving into a more nationally integrated yet still distinctive city. The emerging model seeks to combine market dynamism and international connectivity with clearer alignment to national development. This is not decline. It is a search for a viable identity and role. Critics such as Stephen Roach have argued that the Hong Kong of old is...South China Morning Post
BUSINESSAug 13What comes next for Hong Kong as a global financial hub?What will a stronger international financial centre look like for Hong Kong? Doubling down on yuan internationalisation is a key focus, experts say in this second of our five-part series on the city’s first five-year blueprint. Read part one here. With a symbolic press of a button, top officials and securities regulators from Hong Kong and mainland China earlier this month marked a historic moment for the city’s financial markets. The August 3 launch of the first offshore Chinese government...South China Morning Post
BUSINESSAug 13Fubon Bank’s Hong Kong subsidiary opens first mainland China branch in ShenzhenFubon Bank (Hong Kong) has opened its first branch outside its home market, moving into mainland China to tap surging cross-border business opportunities as competition among foreign lenders in the Greater Bay Area intensifies. The branch, located in Shenzhen’s Qianhai financial zone, would initially focus on corporate banking, offering tailored cross-border financing to technology firms and enterprises seeking international expansion, the lender said in an announcement on Tuesday. The move...South China Morning Post
HEALTHAug 12Hong Kong baby food producer recalls pastas over rice weevil scareA Hong Kong baby food producer has voluntarily recalled several products from store shelves as a precaution after parents and online users raised concerns that they might contain rice weevils. Baby Basic said on Wednesday that the recall covered “instant baby congee – konbu salmon”, with an expiry date of June 22, 2027, and three varieties of its “instant rice-shaped pasta”: salmon and cream; tomato and chicken; and vegetable and beef. It also suspended production of all three pasta...South China Morning Post
WORLDAug 12Hong Kong’s subdivided flats are turning into heat traps. But what’s the fix?Retiree Yang Fangxin’s 72 sq ft rooftop home, located on the ninth floor of a 62-year-old building in Sham Shui Po, has become a heat trap under Hong Kong’s scorching hot weather. The temperature in her home was above 40 degrees Celsius (104 Fahrenheit) at around 5pm on Tuesday, higher than the 33 degrees recorded at the Hong Kong Observatory’s monitoring station in the same district. The temperature in her home only dropped slightly to 37.8 degrees after switching on two fans and an air...South China Morning Post
WORLDAug 12Hong Kong college finance chief, wife and contractor held over HK$41m theftThe finance director of a private college in Hong Kong has been remanded in custody on suspicion of embezzling HK$41 million (US$5.2 million) over three years, with his wife and an engineering contractor also denied bail for allegedly handling the illicit proceeds. Ray Yip Kam-chun, 49, appeared in Tuen Mun Court on Wednesday to face a count of theft for allegedly stealing from Hong Kong Chu Hai College in Tuen Mun between December 23, 2022, and January 7 this year. His wife, Ng Ka-man, 49, and...South China Morning Post
CYBERAug 12Paraguay probe into Hong Kong-born crypto exec’s death triggers ‘wrench attack’ warningSouth China Morning Post
WORLDAug 12Hong Kong murder suspect faces retrial after jury deadlocks on psychosis defenceA Hong Kong court has ordered a murder suspect to face a retrial after a jury failed to reach a verdict on whether he committed the crime while suffering from a delusion that authorities were harassing him with electromagnetic waves. The 23-day High Court trial of former software developer Matthew Choi ended with a hung jury on Wednesday. Madam Justice Esther Toh Lye-ping discharged the seven-member panel, saying the case was not so complex as to warrant the jurors, who had debated behind closed...South China Morning Post
WORLDAug 12Hong Kong student arrested over HK$3m scam deceived by same swindlersHong Kong police have arrested a 19-year-old university student accused of swindling more than HK$3 million from a man after apparently being hoodwinked by scammers herself. Inspector Wu Kwan-yu of Tseung Kwan O police district’s intelligence section said on Wednesday that officers arrested the female student the previous day on suspicion of impersonating mainland Chinese public security officials and swindling more than HK$3 million from a local man. “Police urge youngsters to stay vigilant and...South China Morning Post
SCI & TECHAug 12Tech innovator uses AI to rebuild David Webb’s Hong Kong databaseA tech entrepreneur has pledged to rebuild a free database created over nearly three decades by the late Hong Kong corporate governance activist David Webb, bringing it ‘into the modern era” with the help of AI. Keith Li King-wah, co-founder and principal trainer of Allytic AI, announced on his Facebook page on Wednesday that he would rebuild Webb-site’s database of 27 years with the use of artificial intelligence (AI). Webb, who died aged 60 from metastatic prostate cancer in January this year,...South China Morning Post
BUSINESSAug 12Hong Kong stablecoin selection expands with Standard Chartered-led venture’s launchA Standard Chartered-led joint venture kicked off institutional use of Hong Kong dollar-backed stablecoins on Wednesday, a year after the city put its stablecoin law into effect as part of an effort to become a global hub for digital assets. Retail use of the regulated cryptocurrency was expected “as early as end-2026”, subject to market conditions, said Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, in a statement on Wednesday. A joint venture formed by Standard Chartered,...South China Morning Post
BUSINESSAug 12BTS bump? Hong Kong’s hotels set for bonanza from superstars’ Arirang world tourThe arrival of BTS’s world tour in Hong Kong next year is expected to be a sure-fire hit with the city’s hospitality sector, with hotels likely to see a similar surge in bookings to the one experienced in Seoul earlier this year when the South Korean pop superstars launched their comeback series of concerts, according to analysts. When BTS kicked off their Arirang world tour – their first since completing mandatory military training – in the South Korean capital in April, local hotels recorded a...South China Morning Post
BUSINESSAug 12How Hong Kong can unlock the real value of its Asean trade boomThe Association of Southeast Asian Nations has a role to play in Hong Kong’s plans for its economy. Chief Executive John Lee Ka-chiu signalled as much when he touched on the city’s first five-year plan in his August 7 meeting with Asean Secretary General Kao Kim Hourn. For businesses, however, the central question is not whether Hong Kong-Asean economic ties will continue to grow. They will. The harder question is who will capture the value that growth creates. Asean has been Hong Kong’s...South China Morning Post
WORLDAug 12Snooker star Jimmy White becomes Hong Kong resident through talent schemeSnooker star Jimmy White, known as “The Whirlwind”, has become a Hong Kong resident through an official talent scheme, and has revealed plans to establish a snooker academy in the city to nurture local talent. The Hong Kong Immigration Department announced on Wednesday that the English player recently obtained his identity card and took up residency through the Quality Migrant Admission Scheme, joining fellow stars Judd Trump and Ronnie O’Sullivan. Appearing in a video posted on the department’s...South China Morning Post
POLITICSAug 12Hong Kong student avoids jail for seditious graffiti in commercial complex toiletA Hong Kong student has been spared jail for seditious acts in breach of the domestic national security law, after a court ruled that his good background, young age and the limited impact of his offences constituted “exceptional circumstances”. Leung Kai-lok, 19, is potentially the first person to avoid a custodial sentence for violating the Safeguarding National Security Ordinance, although he was incarcerated for four weeks before sentencing. West Kowloon Court on Wednesday gave the defendant...South China Morning Post
WORLDAug 12Hong Kong authorities charge woman who allegedly kept 136 dogs without licencesHong Kong authorities have charged a woman on suspicion of keeping 136 dogs without valid licences at a shelter previously investigated for alleged animal cruelty, the South China Morning Post has learned. A spokesman for the Agriculture, Conservation and Fisheries Department (AFCD) said on Wednesday that the department commenced prosecution after conducting a raid in response to complaints about the shelter in Yuen Long district. “During the operation, a total of 136 dogs were suspected of...South China Morning Post
DISASTERAug 12Extreme heat grips Hong Kong as labour groups urge district-level indexHong Kong remained gripped by extreme heat on Wednesday with temperatures reaching 35 degrees Celsius (95 Fahrenheit) in parts of the city, prompting labour representatives to urge authorities to introduce a district-level index to better protect outdoor workers. The Very Hot Weather Warning and the Amber Heat Stress at Work Warning have been in effect since Wednesday morning, with parts of northern Hong Kong including Yuen Long and Ta Kwu Ling already surpassing 35 degrees before noon,...South China Morning Post
POLITICSAug 12Hong Kong is no longer a Western playground – and it’s not looking backWhen it comes to bad prognostication, no one can beat Fortune, which came up with the mother of all “Hong Kong is doomed” narratives. In June 1995, the magazine ran its infamous “The Death of Hong Kong” cover story, predicting its demise following the 1997 handover to China. Stephen Roach, veteran China watcher and former chairman of Morgan Stanley Asia, seems determined to follow in its footsteps. In 2024, Roach caused a stir by proclaiming “Hong Kong is over” in the Financial Times. He was...South China Morning Post
POLITICSAug 12Hong Kong’s five-year plan: what’s at stake?Hong Kong's five-year plan is being examined to understand its potential implications and what is at stake. This article discusses the significance of future government policies for the region.South China Morning Post
POLITICSAug 12Why does Hong Kong need a 5-year plan – and will it crimp its free-market economy?As the government completes a public consultation exercise to craft the city’s own five-year plan to align with national development, the first of this five-part series looks at key questions, starting with the need for such a blueprint. Economist Heiwai Tang has a line he likes to use on free-market purists: “The market is almost always right, but it’s not always right.” While Hong Kong has long been ranked the world’s freest economy, Tang, an associate dean at the University of Hong Kong’s...South China Morning Post
HEALTHAug 11Hong Kong urges parents not to delay childhood vaccinations as US limits jabsHong Kong authorities have defended the city’s childhood vaccination programme after the United States scaled back its immunisation recommendations, stressing that public health policies should not be “arbitrarily altered”. The Centre for Health Protection (CHP) said on Tuesday that all public health policies and medical recommendations had to be based on scientific evidence. “Vaccination schedules should not be altered arbitrarily without reliable scientific data or medical research supporting...South China Morning Post
DISASTERAug 11Search under way for missing cruise passenger off Hong Kong mega bridgeHong Kong authorities have launched a search in waters west of the city for a man believed to have fallen overboard from a sightseeing vessel travelling between Shekou and the Hong Kong-Zhuhai-Macau Bridge. The operator of the cruise, which had departed from Shekou in neighbouring Shenzhen for a sightseeing trip of the mega bridge, reported the incident at around 3pm on Tuesday after crew members realised the passenger was missing upon returning to shore. A review of on-board security footage...South China Morning Post
BUSINESSAug 11New Hong Kong trade office in Malaysia a bridge to Greater Bay Area: ministerHong Kong has opened a new trade office in Malaysia, with a minister saying the move is part of a strategic push to deepen regional ties and will help position the city as a bridge between the country and the Greater Bay Area. Secretary for Commerce and Economic Development Algernon Yau Ying-wah said on Tuesday that the opening of the Economic and Trade Office (ETO) in Kuala Lumpur would strengthen Hong Kong’s presence in the region. “The establishment of the new [ETO] in Kuala Lumpur is a...South China Morning Post
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